In July 2015, overall agricultural producer prices rose by 1.1% compared to June ; year
over year they decreased by 1.6%

Cereal prices jumped in July (+11.1%). At the beginning of that month, soft wheat
and maïze markets reacted upwardly to adverse weather conditions in Europe (drought)
and in United-States (floods). Durum wheat price surged even more (+16.5%): the lack
of planted areas led to a shortage.

graphique cereal – Producer prices of cereals

Source : Insee

Oleaginous prices slightly weakened in July (–2.0%) after a sharp rise the previous
months (+18.8% yoy). The price of rape, the main oleaginous grown in France, shrunk
following the tumble of oil price. The biodiesel oil, made from rape, turned less
attractive by a lower price of oil.

The wine prices dipped year on year (–1.8%). The 2014 harvest was good, except in
the Languedoc-Roussillon region. Hence, the prices of common wines, massively produced
in that place, rose significantly (+13.1% yoy). Conversely, prices of PDO (protected
designation of origin) wines decreased sharply (–9.5% yoy).

Fresh fruits prices soared (+21.2%) compared to July 2014, when they were particularly
low. Apricots and peaches prices rocketed as a result of the significant decline in
their production related to bad weather conditions, while the heat wave supported
their consumption. The foreign competition was weak; in addition, the consumers favoured
the French origin.

graphique vegetable – Producer prices of fresh vegetables

Fresh vegetable prices dropped (–7.3% yoy). Melon price plunged by a quarter. The
consumption could not absorb the abundant production due to increased yields. On the
other hand, cucumbers and carrots prices increased : their good quality productions
were sold easily in France and abroad.

graphique pig – Producer prices of pigs and large cattle

On a seasonally adjusted basis, animal prices rose in July by 1.0% but decreased by
3.0% over one year. Pig prices slumped by nearly 9% over this period, further to Russian
embargo and European competition. Milk prices tumbled by roughly 15% over one year.
In 2014, high prices encouraged the farmers to produce more, but since the global
demand has slowed, due to lower Chinese demand and Russian embargo.

(2)The price for July is not yet known and therefore is estimated by carrying forward
the seasonally adjusted price of June.

Sources: Insee - SSP (ministry of agriculture)

The purchase price of means of production decreased in July

In July, intermediate consumption prices slipped again (–0.4% after –0.9%) reflecting
the decline in energy prices (–3.7%). Over one year, energy prices lowered noticeably
(–14.9%), as well as feed prices (–5.2%). Capital goods prices were virtually stable
in July (+0.1%).

graphique means – Purchase prices of the means of agricultural production

tableau Tab2 – Indices of purchase prices of the means of agricultural production (IPAMPA)

base year: 2010

Indices of purchase prices of the means of agricultural production (IPAMPA)

weights

July 2015

Variation as % over

a month

3 months

a year

Total input

1000

109.7

–0.3

–1.0

–2.2

Intermediate consumptions

764

110.8

–0.4

–1.3

–2.9

Energy

100

99.9

–3.7

–4.7

–14.9

Seeds

57

108.7

–0.2

–0.2

+0.4

Fertilisers and soil improvers

92

117.7

–0.1

–4.0

+3.1

Plant protection products

78

100.8

–0.2

–0.2

–0.3

Animal feed

205

117.6

0.0

–0.8

–5.2

Veterinary expenses

43

113.7

+0.2

+0.5

+2.1

Small equipment and tools

17

109.4

+0.7

+1.4

+0.4

Maintenance of materials

67

113.3

+0.2

+0.3

+1.5

Maintenance of buildings

9

106.9

+0.1

+0.1

–0.2

Other goods and services

97

101.7

+0.1

+0.1

–0.2

Goods and services contributing to investment

236

106.5

+0.1

–0.2

+0.3

Material

186

106.9

0.0

–0.3

+0.5

Tractors

79

106.2

0.0

–0.9

+0.6

Machinery and plant for cultivation

36

109.0

+0.1

+0.1

+0.7

Machinery and plant for harvesting

42

107.6

+0.2

+0.3

+0.6

Utility vehicles

18

104.6

–0.1

–0.2

–0.4

Buildings

50

104.9

+0.1

+0.1

–0.4

(1) The repayment of the domestic tax on energy products (TICPE) benefiting farmers
has been applied in advance for the year 2015